August 7, 2018 – By Rhonda Roth
Rodgers Brothers Inc increased its stake in International Business Machine (IBM) by 20.55% based on its latest 2018Q1 regulatory filing with the SEC. Rodgers Brothers Inc bought 5,605 shares as the company’s stock declined 9.42% with the market. The institutional investor held 32,877 shares of the computer manufacturing company at the end of 2018Q1, valued at $5.04M, up from 27,272 at the end of the previous reported quarter. Rodgers Brothers Inc who had been investing in International Business Machine for a number of months, seems to be bullish on the $133.29B market cap company. The stock decreased 1.13% or $1.67 during the last trading session, reaching $146.03. About 3.91M shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since August 7, 2017 and is downtrending. It has underperformed by 18.81% the S&P500. Some Historical IBM News: 22/05/2018 – College students apply for more entry-level jobs at IBM, JP Morgan, Amazon and Tesla than at any other companies; 20/03/2018 – IBM REAFFIRMS FORECAST; 29/03/2018 – IBM: One Change Is Adoption of New Revenue Recognition Guidance; 24/04/2018 – IBM Board Approves Increase In Quarterly Cash Dividend For The 23rd Consecutive Year; 19/03/2018 – lntersections Inc. Launches Al-Powered Identity Theft Protection with IBM Watson; 15/05/2018 – IBM Presenting at JPMorgan Conference Tomorrow; 30/05/2018 – Dr. Vanila M. Singh to Join Oracle, IBM, and Wipro at Tulip’s Inaugural Blockchain Conference; 17/04/2018 – Correction to IBM Earnings Story; 15/03/2018 – DNB Global IV Adds SunTrust Banks, Exits IBM; 20/03/2018 – Nvidia Corp: Big Blue Touts Partnership with NVIDIA at IBM Think Confab –
Garnet Equity Capital Holdings Inc decreased its stake in Citi Trends Inc (CTRN) by 52.87% based on its latest 2018Q1 regulatory filing with the SEC. Garnet Equity Capital Holdings Inc sold 138,000 shares as the company’s stock rose 35.26% while stock markets declined. The hedge fund held 123,000 shares of the consumer services company at the end of 2018Q1, valued at $3.80M, down from 261,000 at the end of the previous reported quarter. Garnet Equity Capital Holdings Inc who had been investing in Citi Trends Inc for a number of months, seems to be less bullish one the $391.80 million market cap company. The stock increased 0.14% or $0.04 during the last trading session, reaching $28.49. About 40,103 shares traded. Citi Trends, Inc. (NASDAQ:CTRN) has risen 63.94% since August 7, 2017 and is uptrending. It has outperformed by 51.37% the S&P500.
Garnet Equity Capital Holdings Inc, which manages about $189.98M and $121.60 million US Long portfolio, upped its stake in Kratos Defense & Security (NASDAQ:KTOS) by 100,000 shares to 619,700 shares, valued at $6.38 million in 2018Q1, according to the filing. It also increased its holding in Amazon.Com Inc (NASDAQ:AMZN) by 3,000 shares in the quarter, for a total of 12,000 shares, and has risen its stake in Class A.
Investors sentiment decreased to 0.91 in Q1 2018. Its down 0.61, from 1.52 in 2017Q4. It dived, as 16 investors sold CTRN shares while 40 reduced holdings. 20 funds opened positions while 31 raised stakes. 11.90 million shares or 0.65% more from 11.83 million shares in 2017Q4 were reported. Rhumbline Advisers owns 0% invested in Citi Trends, Inc. (NASDAQ:CTRN) for 14,822 shares. Element Capital Mgmt Limited Liability Co invested in 0.01% or 9,426 shares. Brandywine Inv Mgmt Limited Liability Company accumulated 8,049 shares. Jpmorgan Chase & owns 124,714 shares for 0% of their portfolio. Chicago Equity Prtn Ltd Llc has invested 0.03% of its portfolio in Citi Trends, Inc. (NASDAQ:CTRN). Tiaa Cref Investment Management Ltd Liability Corp reported 0% in Citi Trends, Inc. (NASDAQ:CTRN). Michigan-based Northpointe Cap Ltd has invested 1.33% in Citi Trends, Inc. (NASDAQ:CTRN). Parametric Ltd Liability Corporation has 0% invested in Citi Trends, Inc. (NASDAQ:CTRN) for 106,324 shares. State Board Of Administration Of Florida Retirement Systems reported 0.01% of its portfolio in Citi Trends, Inc. (NASDAQ:CTRN). Great West Life Assurance Com Can holds 0% of its portfolio in Citi Trends, Inc. (NASDAQ:CTRN) for 157 shares. Blackrock Incorporated reported 0% of its portfolio in Citi Trends, Inc. (NASDAQ:CTRN). Renaissance Technology Ltd Co holds 155,425 shares. Driehaus Cap Management Ltd Com accumulated 155,334 shares. Virtu Limited Liability has invested 0.01% in Citi Trends, Inc. (NASDAQ:CTRN). Fny Managed Accounts Llc holds 0% in Citi Trends, Inc. (NASDAQ:CTRN) or 96 shares.
Among 2 analysts covering Citi Trends (NASDAQ:CTRN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Citi Trends had 5 analyst reports since August 19, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Sidoti on Tuesday, April 5. The rating was upgraded by Zacks on Friday, August 21 to “Hold”. M Partners upgraded the stock to “Buy” rating in Tuesday, March 20 report. M Partners downgraded Citi Trends, Inc. (NASDAQ:CTRN) on Monday, February 8 to “Neutral” rating.
Since March 29, 2018, it had 0 insider buys, and 4 sales for $995,895 activity. $423,917 worth of stock was sold by Dunn James A on Thursday, March 29. Shares for $359,283 were sold by DUSKIN JONATHAN on Tuesday, May 29. 2,752 shares valued at $85,064 were sold by Short Christina on Thursday, March 29.
More news for Citi Trends, Inc. (NASDAQ:CTRN) were recently published by: Businesswire.com, which released: “Citi Trends Sets Date for Second Quarter 2018 Earnings Release and Conference Call” on August 03, 2018. Nasdaq.com‘s article titled: “Detailed Research: Economic Perspectives on Ellington Residential Mortgage REIT, Nordson, Nathan’s Famous …” and published on July 25, 2018 is yet another important article.
Since February 23, 2018, it had 0 buys, and 2 insider sales for $2.79 million activity. Clementi Erich sold $2.01M worth of stock or 13,000 shares.
Rodgers Brothers Inc, which manages about $300.54M and $306.22 million US Long portfolio, decreased its stake in Tapestry Inc by 13,105 shares to 38,150 shares, valued at $2.01M in 2018Q1, according to the filing.
More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM Continues A Slow Climb” on July 20, 2018, also 247Wallst.com with their article: “IBM Tries to Drum Up Bank Support for Blockchain FX Settlement” published on July 30, 2018, 247Wallst.com published: “IBM, Pfizer Lift the Dow Friday” on August 03, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Finance.Yahoo.com and their article: “Why Warren Buffett Should Buy Facebook Stock” published on August 06, 2018 as well as Seekingalpha.com‘s news article titled: “IBM About To Pummel The Bears” with publication date: July 31, 2018.
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